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(Reuters) - Toll Brothers Inc (TOL) said it will buy the home building business of privately owned Shapell Industries Inc for about $1.60 billion in cash, in a deal that will give the largest U.S. luxury homebuilder more access to affluent real estate markets in California. Earlier this week, Tri Pointe Homes Inc (TPH.N) said it would buy Weyerhaeuser Co's (WY) homebuilding division in a $2.7 billion deal that will give it access to developed land in key markets such as California and Texas.

Here's a protip: buying unsecured notes advertised in your church's weekly leaflet is probably not a good idea. Another tip: If some guy encourages you to invest in his one-man distressed real estate fund returning 8-10% while warning you that the stock market is too risky... Run. Far away.

said it will buy the home building business of privately owned Shapell Industries Inc for about $1.60 billion in cash, in a deal that will give the largest U.S. luxury homebuilder more access to affluent real estate markets in California. homebuilding division in a $2.7 billion deal that will give it access to developed land in key markets such as California and Texas. Toll Brothers will acquire Shapell's land portfolio, which consists of about 5,200 home sites, most of which are entitled, the company said in a statement late on Wednesday.

Richard Suttmeier submits: In addition to my proposal for a rigorous stress test for community banks seeking bailout money, I also propose a new program to assist banks in clearing their balance sheets of non-performing assets. Greed among community and regional banks on Main Street resulted in a vast quantity of distressed C&D and CRE loans on the books of community banks.

NEW YORK (Reuters) - Luxury homebuilder Toll Brothers Inc will launch an investment fund to buy up distressed real estate assets, including loan portfolios and land for development, the company said on Monday.

Earlier today we reported that the nearly two year long scramble by Wall Street asset managers to gobble up distressed and other properties, most often subsidized by the government using various REO-to-Rental funding structures, with the intention of renting them out and in the process generating a 15%+ annual ROI, is now officially dead in such former hotspots as California where America's biggest landlord, private equity firm Blackstone, reported that its purchases in California are down a staggerin

By Soha Group:Toll Brothers (TOL) and its homebuilder peers have been notable stock market laggards in 2013, but I am bullish on Toll Brothers going into 2014. Toll Brothers' stock price had a big run coming into 2013 and some good news was already priced-in. For Toll Brothers, 2013 started on a good note, but hit a snag mid-year as interest rates spiked and drove up mortgage rates. As a result, home-buyers turned more cautious.